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UPCOMING EVENTS: Monday: China Caixin Manufacturing PMI, US ISM Manufacturing PMI, BoC Business Outlook Survey. Tuesday: RBA Minutes, Switzerland Retail Sales, Switzerland Manufacturing PMI, German Inflation data, US Job Openings. Wednesday: China Caixin Services PMI, Eurozone CPI and Unemployment Rate, US ADP, Canada Services PMI, US ISM Services PMI. Thursday: Switzerland CPI, Eurozone PPI, US

Gold traded in a narrow range on Wednesday amid an uptick in the dollar index (DXY). Investors await more data scheduled for release this week to get a grip on which way the Fed could lean on the issue of interest rate cuts. The MCX April gold futures were trading at Rs 66140 per 10

China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company Caixin and research firm Markit / S&P Global. The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small

Global oil prices edged up on Thursday, recovering from two consecutive sessions of decline, as investors reassessed the latest U.S. crude oil and gasoline inventories data and returned to buying mode. Brent crude futures for May were up 29 cents, or 0.34%, at $86.38 a barrel while the more actively traded June contract rose 28

Mon: BoJ Tankan Survey (Q1), South Korea Prelim Trade Balance (Mar), Chinese Caixin Manufacturing PMI Final (Mar), US ISM Manufacturing PMI (Mar), US S&P Global Manufacturing PMI Final (Mar) Tue: RBA Minutes (Mar), CNB Minutes (Mar), South Korean CPI (Mar), EZ/UK Manufacturing PMI Final (Mar), German Prelim CPI (Mar), US Non-Durable Goods R (Feb), Chilean

Candlestick charts are a cornerstone of technical analysis, providing a visually intuitive way to understand price movements in the MCX Gold and Silver markets. By recognising specific candlestick patterns, traders can glean valuable insights into market sentiment and identify potential trading opportunities. Here, we’ll delve into several major reversal candlestick patterns that can be instrumental

Markets: Markets closed for Good Friday FX essentially unchanged A holiday throughout global markets usually makes for a quiet news day but that wasn’t the case today with US PCE, Powell and some other odds-and-ends. The PCE report had something for everyone but there was some US dollar selling in the aftermath. I suspect some

(This story originally appeared in on Mar 30, 2024) HYDERABAD: A week after it vaulted over the $2,200/oz mark in international markets for the first time, gold touched yet another life-high of $2,236 in the wee hours of Friday. In March, it has gained 9.3%, logging its best month since July 2020 (see graphic). Though

This week, Chinese President Xi Jinping spoke with American executives on Wednesday in a bid to short up confidence in the economy. He said that his country was “healthy and sustainable” and listened carefully to concerns from the leaders of Blackstone, FedEx, Qualcomm and others. Worries about the Chinese economy have eased recently but are

Gold prices rose in the opening trade on Thursday tracking positive trade in the international prices. The gains in yellow metal were on the back of some let-off in the dollar index (DXY). The MCX April gold futures were trading at Rs 66,491 per 10 grams, rising Rs 124 or 0.19% while May silver futures

Dollar dips mildly in the wake of the latest PCE inflation data, which largely met market expectations without delivering any significant surprises. Notably, headline inflation saw a slight uptick, primarily driven by rising energy costs. Core inflation saw a slight deceleration from last month’s upwardly revised figures. However, a key point of concern remains the

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Gold price climbed Rs 350 to Rs 67,350 per 10 grams in the national capital on Thursday amid strong trends in the international markets, according to HDFC Securities. Extending its gains for the second straight session, the price of the precious metal had settled at Rs 67,000 per 10 grams in the previous trade. Silver

Nikkei tumbled sharply in Asian session today, largely in response to Yen’s rebound late yesterday, which followed strong verbal interventions by Japanese officials aimed at curbing the currency’s recent weakness. Additionally, profit-taking activities could be another factor as markets gear up for an extended holiday weekend. Yen’s rebound,while notable, has not yet demonstrated strong momentum,

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Oil prices rose on Thursday, following two consecutive sessions of decline, as investors anticipated tighter supplies given the OPEC+ producer alliance is widely expected to stay the course on its current production cuts. Brent crude futures for May were up $1.23, or 1.4%, at $87.32 a barrel, while the more actively traded June contract rose

Dollar initially gained momentum in European session and breaks through near term resistance against Euro. However, the greenback then saw a swift reversal as the market transitioned into US session. Despite a stronger final reading for US Q4 GDP, the impact on the greenback was muted, attributed largely to the data’s perceived obsolescence given the

Given the holiday, we should see market conditions take on a quieter look and feel to end the week tomorrow. US markets will be open though, so it isn’t a complete shutdown. During which, we will get the PCE price index and also an appearance by Fed chair Powell here. But more importantly, Japanese markets